National Insurance Scheme

The National Insurance Scheme is a government program that provides financial support to individuals during times of need, such as retirement, sickness, or unemployment. It is funded through contributions from workers, employers, and, in some cases, the self-employed. These contributions create a pool that helps pay for benefits like pensions, healthcare, and assistance for those unable to work. By participating in the scheme, individuals build up entitlement to support later in life or during periods of hardship, ensuring social security and economic stability for the community.